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Bitcoin jumps past $75K as Iran-US ceasefire extension signals easing geopolitical tensions

Market News
23 May 2026
Crypto Briefing
View Source
Bullish
pluang ai news

Progress toward an indefinite ceasefire extension between Iran, the US, and Pakistan has eased geopolitical risks, causing Bitcoin to rally above $75,000 and hover near $78,000. The ceasefire, initially a two-week pause, was extended indefinitely at Pakistan's request to allow more time for diplomatic negotiations, especially over critical issues like access to the Strait of Hormuz. Iran's interest in accepting Bitcoin for transit fees highlights growing state-level crypto adoption amid sanctions. This diplomatic progress has broadly lifted crypto markets and eased energy price volatility, benefiting investors by reducing geopolitical uncertainty.

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